found this interesting... even in '07 and '08 April & into May, markets went up. of course the timing of this may be different
Stock Markets
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Whilst I'm not sure if one of me has ye olde English speakin voice within me....ProgN said:Bob Knights Liver said:
We really do need to have an 'Annual Stockholders Meeting' sometime. A Friday or Saturday afternoon for various short discussions and presentations about trading tips or strategies and trading stories followed by dinner and drinks. That would be so badass. Location in DFW, Houston, or Austin would be fine, but having it in BCS as an excuse to get back to the motherland would really be special.
That sounds fun but 59 South has to be there. An Aggie using 'whilst' or getting into an argument while using the King's English would be worth the trip.
I can guarantee ya that I have a feckin Irish one that'll make ya be wantin a pint of Guiness, a finger of Jameson, and it's as goofy as a bowl full of llama ****e!
What caused the futures dump?
You don’t trade for money, you trade for freedom.
If you own SAVA be sure to vote on their proxy. Want to issue four million more shares for exec compensation.
Now we know what that disaster of a meeting Tuesday was for.
Now we know what that disaster of a meeting Tuesday was for.
Russia bombed a train station that was being used to evacuate civilians.$30,000 Millionaire said:
What caused the futures dump?
It's because the overnight inventory situation has the most impact on early trade when it is skewed 100% in either direction because when the imbalance is very large like that then the odds of an early correction increase greatly. This is due to the fact that most overnight traders are weaker hands and emotionally driven. If the RTH activity right after the bell doesn't confirm their overnight bias, they will usually reverse their positions quickly.$30,000 Millionaire said:
What caused the futures dump?
.....or at least that's what McInnis seems to believe.
It will get bought then.
You don’t trade for money, you trade for freedom.
The truest setup in trading that is 100% win.............McFade.wanderer said:It's because the overnight inventory situation has the most impact on early trade when it is skewed 100% in either direction because when the imbalance is very large like that then the odds of an early correction increase greatly. This is due to the fact that most overnight traders are weaker hands and emotionally driven. If the RTH activity right after the bell doesn't confirm their overnight bias, they will usually reverse their positions quickly.$30,000 Millionaire said:
What caused the futures dump?
.....or at least that's what McInnis seems to believe.
As you can see $SPX is attempting to show support at an important spot. Same spot we used in February for 3% rally.
— Nick (@NlCKStocks) April 8, 2022
Should be noted in Feb we spent 4 sessions basing before moving higher. Today is session 3 of potential basing pic.twitter.com/eUwG0U7nRU
Bob Knights Paper Hands
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SKEW just under 140 now. We've typically had a selloff has we've got from over 142 back under 140, but yesterday was mostly green. I interpret this to support my own expectations of short term green but mid-term bearish.
But seriously, overnight is long, we're under yesterdays close.......if the worm doesnt turn, perhaps accelerated sell occurs. Dunno, I'll watch. But we're at the daily pivot right now so I gotta watch.....wanderer said:It's because the overnight inventory situation has the most impact on early trade when it is skewed 100% in either direction because when the imbalance is very large like that then the odds of an early correction increase greatly. This is due to the fact that most overnight traders are weaker hands and emotionally driven. If the RTH activity right after the bell doesn't confirm their overnight bias, they will usually reverse their positions quickly.$30,000 Millionaire said:
What caused the futures dump?
.....or at least that's what McInnis seems to believe.
More likely it was the neo Nazi ukrainian militias that are there. They have killed civilians and used them as human shields for years.Triple_Bagger said:Russia bombed a train station that was being used to evacuate civilians.$30,000 Millionaire said:
What caused the futures dump?
don't watch the news at this point, nothing but throwing shade at Russia. Lots of lies.
Great way to start the day, had calls overnight, cut them when we lost 4485. If we test 4465 and reclaim 4485 I'll go long again. If we lose 4465 I'll flip short. See if Mancini is right.
Bob Knights Paper Hands
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Interesting open. This may be a difficult day to trade. Max pain 4/14 for SPY and QQQ are close to current prices, so we may see lot of big chop.
Going short TSLA this morning. I'll likely buy 4/14 $1050P. Watching closely for potential macro reversal if SPX gets to 4479 area.
Going short TSLA this morning. I'll likely buy 4/14 $1050P. Watching closely for potential macro reversal if SPX gets to 4479 area.
Well, Microsoft is probably max loss. At this point, may as well see if it can be salvaged.
You don’t trade for money, you trade for freedom.
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My stop is I'll sell if TSLA gets to $1048.4.
Very low volume on the open but it's picking up
Burn the world, Mc got one.McInnis 03 said:But seriously, overnight is long, we're under yesterdays close.......if the worm doesnt turn, perhaps accelerated sell occurs. Dunno, I'll watch. But we're at the daily pivot right now so I gotta watch.....wanderer said:It's because the overnight inventory situation has the most impact on early trade when it is skewed 100% in either direction because when the imbalance is very large like that then the odds of an early correction increase greatly. This is due to the fact that most overnight traders are weaker hands and emotionally driven. If the RTH activity right after the bell doesn't confirm their overnight bias, they will usually reverse their positions quickly.$30,000 Millionaire said:
What caused the futures dump?
.....or at least that's what McInnis seems to believe.
AMD is down 25% in 8 trading sessions
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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AG
That's pretty much when i bought in
Charismatic Megafauna
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AG
FTAG 2000 said:It's had 60 million shares traded today, 30 times the 30 day average.Charismatic Megafauna said:
Ater losing steam, grabbed a couple weekly 3.5 puts for .29
Feels like if the market reverses it's going to see a bounce.
Running again
Yep. Now if the rest of the market would reverse also.Charismatic Megafauna said:FTAG 2000 said:It's had 60 million shares traded today, 30 times the 30 day average.Charismatic Megafauna said:
Ater losing steam, grabbed a couple weekly 3.5 puts for .29
Feels like if the market reverses it's going to see a bounce.
Running again
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AG
So reckless abandon time on expiring xsp calls?
Just gut feeling, I think a bounce is due soon. I don't think this will be a trend day down.
You don’t trade for money, you trade for freedom.
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Bob Knights Liver said:
My stop is I'll sell if TSLA gets to $1048.4.
I took profit on all of these. It might dive more, but macros bouncing some. Added another 1% to trading account. This was a good week for me in a crappy market week, so I'm pleased.
Agree. Looking like the bottom might be right here for the day..$30,000 Millionaire said:
Just gut feeling, I think a bounce is due soon. I don't think this will be a trend day down.
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Charismatic Megafauna said:Charismatic Megafauna said:
This is silly. I just bought some crwd 225 calls for next week for 4.6-4.65
Edit to add: i suck at this though so i hope nobody follows me into poverty
Trimmed some of these for 6.5
Revised guidance (up), couple pt raises. Run Forrest run!
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$30,000 Millionaire said:
Just gut feeling, I think a bounce is due soon. I don't think this will be a trend day down.
I bought $446C for XSP for $3. Probably too close to the ask, but I think we'll get back to 449.
Edit - I'm slow to type. I'll sell these for $4 if they get there quickly.
bought TSLA 4/14 $1100 $9 entry
$30,000 Millionaire said:
AMD is down 25% in 8 trading sessions
I will buy if it drops below $100. It usually does a shakeout before it goes up.
FTAG 2000 said:Yep. Now if the rest of the market would reverse also.Charismatic Megafauna said:FTAG 2000 said:It's had 60 million shares traded today, 30 times the 30 day average.Charismatic Megafauna said:
Ater losing steam, grabbed a couple weekly 3.5 puts for .29
Feels like if the market reverses it's going to see a bounce.
Running again
Bought some more.
IF it gets over $5 it's going to run hard. We get a market reversal + over $5 going to go to Leeroy Jenkins.
FTAG 2000 said:FTAG 2000 said:Yep. Now if the rest of the market would reverse also.Charismatic Megafauna said:FTAG 2000 said:It's had 60 million shares traded today, 30 times the 30 day average.Charismatic Megafauna said:
Ater losing steam, grabbed a couple weekly 3.5 puts for .29
Feels like if the market reverses it's going to see a bounce.
Running again
Bought some more.
IF it gets over $5 it's going to run hard. We get a market reversal + over $5 going to go Leeroy Jenkins.
What are you'll talking about?
Jet Black said:FTAG 2000 said:FTAG 2000 said:Yep. Now if the rest of the market would reverse also.Charismatic Megafauna said:FTAG 2000 said:It's had 60 million shares traded today, 30 times the 30 day average.Charismatic Megafauna said:
Ater losing steam, grabbed a couple weekly 3.5 puts for .29
Feels like if the market reverses it's going to see a bounce.
Running again
Bought some more.
IF it gets over $5 it's going to run hard. We get a market reversal + over $5 going to go Leeroy Jenkins.
What are you'll talking about?
ATER.
Heavy resistance at $5. It breaks that it can run hard. It's a big short squeeze candidate (32% short).
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If SPX breaks 4490 here I think we run back up to yesterday's close. If.
.
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